The Gopal Snacks IPO commenced on March 6, 2024, and concluded on March 11, 2024. The allotment of shares took place on March 12, 2024, and the initiation of refunds began on March 13, 2024. The shares were credited to the demat accounts of investors on March 13, 2024. Finally, the listing of Gopal Snacks on the stock exchange occurred on March 14, 2024.
The Gopal Snacks IPO was priced at ₹381 to ₹401 per share, with a lot size of 37 shares. The total issue size was ₹650.00 crores, comprising a fresh issue of ₹650.00 crores. The IPO was listed on both the NSE and BSE.
In terms of quota reservations, the QIB (Qualified Institutional Buyers) quota was reserved for 50% of the shares, the NII (Non-Institutional Investors) quota was reserved for 15% of the shares, and the retail quota was reserved for 35% of the shares.
Gopal Namkeen IPO Basic Details
| Company Name | Gopal Snacks Limited |
| Domain of Company | FMCG |
| Gopal Snacks IPO GMP Today | ₹122 |
| Gopal Snacks IPO Listing Gain | 30.42% |
| Gopal Snacks IPO Open Date | March 6, 2024 |
| Gopal Snacks IPO Close Date | March 11, 2024 |
| Gopal Snacks IPO Allotment Date | March 12, 2024 |
| Gopal Snacks IPO Listing Date | March 14, 2024 |
| Face Value | ₹10 per share |
| Price | ₹381 to ₹401 per share |
| Lot Size | 37 Shares |
| Issue Size | 16,209,476 shares of ₹1 (aggregating up to ₹650.00 Cr) |
| Offer for Sale | 16,209,476 shares of ₹1 (aggregating up to ₹650.00 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | NSE, BSE |
| Company Promoters | Bipinbhai Vithalbhai Hadvani, Dakshaben Bipinbhai Hadvani and Gopal Agriproducts |
Gopal Snacks IPO GMP Today:
| Date | GMP | Listing Gain | Kostak | Subject to |
| Today | ₹122 | 30.42% | – | – |
| 5 March 2024 | ₹122 | 30.42% | – | – |
Gopal Namkeen IPO Details:
Established in 1999, Gopal Snacks Limited is a company specializing in snacks and other products, operating in both India and internationally.
We offer a diverse range of snacks, from traditional namkeen and gathiya to western delights like wafers, extruded snacks, and snack pellets. Additionally, we provide essential consumer goods such as papad, spices, gram flour (besan), noodles, rusk, and soan papdi.
As of November 2023, our product portfolio includes 276 SKUs and 84 products spanning different categories, catering to a variety of tastes.
By September 2023, our products had reached 523 locations across 10 states and two Union Territories, reflecting our commitment to widespread availability.
Our sales and marketing team, consisting of 741 dedicated employees as of September 30, 2023, collaborates with a robust distribution network of three depots and 617 distributors. To ensure seamless distribution, we maintain a fleet of 263 logistics vehicles.
With six manufacturing units, three primary and three ancillary, we operate in Nagpur and Modasa, Gujarat, among other locations. These facilities collectively boast an annual installed capacity of 404,728.76 MT as of September 30, 2023.
Notably, 69 distributors in Gujarat have been loyal partners for over a decade, representing 24.73% of our total distributors in the state. Our enduring relationships highlight the trust and satisfaction we’ve built over the years.
Gopal Namkeen IPO More Details Click Here
Gopal Snacks IPO FAQs
When is Gopal Snacks IPO open?
Gopal Snacks IPO will open on 6 March 2024.
When is Gopal Snacks IPO Close?
Gopal Snacks IPO will be closed on 11 March 2024.
What is Gopal Snacks IPO GMP Today?
The Gopal Snacks IPO GMP aka Grey Market Premium is ₹122.
What is Gopal Snacks IPO Kostak Rates Today?
The Gopal Snacks IPO Kostak Rate is ₹000.
What is Gopal Snacks IPO Subject to Sauda Price Today?
The Gopal Snacks IPO subject to sauda rates is ₹000.
Gopal Snacks IPO Expected Returns?
The Gopal Snacks expected return is 30.42%.
How much will be the listing gain in Gopal Snacks IPO?
Gopal Snacks IPO will get listing gain of 30.42%. (Approx.)
